You want Proof of Stake? Peercoin, Netcoin, and others have implemented that algorithm without scamming anybody.
You want a great community? Dogecoin, Potcoin, and others have built those.
You want utility? Bitcoin and Litecoin seem to have it above all others.
Eh, you forgot the black one, fitting at least into #1 and #2  Did not read this clusterfuck journal for a week or so, how is this still at the 20-Cent-Floor ffs? Most modern POS only code is based off BlackCoin. |
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Can you do a chart in which it is your balance vs inflation over a period? I plan on getting some more advanced charts going, that could be one of them. I am planning on continuing to get the fundamental functioning of the explorer down first though. I have to say, it is absolutely fantastic to be able to have a Block Explorer like that in the wallet. |
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Your attempts to keep it afloat goes directly against this.
Is he really attempting to keep it afloat? The way I read it, he's simply saying IF someone wants to keep the coin alive here is what should be done (in his opinion). You guys are blowing this way out of proportion (in my opinion). The attempt to save the coin will happen regardless of what Andrew says. There are too many bagholders for the coin to just disappear. Exactly, thank you! lol I remember someone posting a while back when it was totally crashing and the market was halted that if it was done then they would miss the entertainment value. |
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Can you do a chart in which it is your balance vs inflation over a period? |
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Yeah, true with focus on Constand (and Cryptoplays), wallet working perfectly and very fast. Still not sure which theme i like best :/ Think teh default one, looks so professional with the big red symbols for transactions  The muggle one, lol. ( what is a "muggle" exactly. Not rich not poor or? ) Constand needs really flashy design / template. In the gaw thread somewhere in those thousands of postings was the one from http://btc.com , or close for about 12.95$. The Connectedly must be clearly seen. For people from house to house. Ebay will be getting jealous, they not even have their own coin, Even Amazon has one ConStand is a great idea, I have been trying to get a hold of nixminer to see if we can work on the templates. |
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If anyone wanna help a fella to buy some of those CONs at a reasonable price please pm me and maybe we'll work something out Come on, don't hide them, I know you bag holders are even too full of CONs Yeah I'm sure we can sort something out, get to be a CON artist  |
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Yes this is great, lets talk about ownership and ownership rights within a Coin. What do you do to change that? Who benefits and who loses within the ecosystem? Who's right is it to blacklist or change parameters of a Coin without the approval of a certain party if viewed negatively in public opinion?
Yes lets? I was saying that it is possible within the technical rules of the Blockchain that any one group, if large enough can exclude someone and change the rules of the Blockchain and there is nothing they can do about it. In this case, the coding had a bug in it that was never fixed and another group came in and put in a fix and changed the rules of the Blockchain. What do people do then? Stay on the old chain with the broken wallet, or the new one that works? It does however decease the favor of the 350% Prime addresses down to 100% but also increases the 10% Stakers to 100%. In terms in inflation you then have a problem of an even higher increase of compound Staking, and with the minimum age of 1 hour it still amounts to around 10,000% yearly and relying on scraping in order to keep inflation down would not work either. You have a situation with many chosen wallets selling into the whole market which Stakes at 5%, the ones with 100% wallets wouldn't really care if price was going down, they can still sell Coins at lower prices and make profit. |
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Yes this is great, lets talk about ownership and ownership rights within a Coin. What do you do to change that? Who benefits and who loses within the ecosystem? Who's right is it to blacklist or change parameters of a Coin without the approval of a certain party if viewed negatively in public opinion?
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TheMage, Paul Revere, eightcylinders XPY discussion https://bitcointalk.org/index.php?topic=1033894.0I migrated the content I could find. I'll clean up all the nested quotes and add whatever changes people have. Since THIS thread is primarily to expose the fraud? Make fun of Josh? etc. Yeah that's great! I'll see where I can add to the discussion there. |
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Why are you guys even debating to kill coins or not to kill coins? This fucking scam needs to die. End of story. Every coin should be valued at zero. The only fork that should be considered is the one that fucking stabs it to death and renders every coin useless digital space.
I agree. The best way to fix it is to transfer all your XPY to BTC and use the BTC QT there problem solved  I agree. What Mage and Crestington are suggesting is that Garza's coins should be identified and destroyed because they are "illegitimate", and that the fucking criminals who actually created Paycoin and helped run the entire scam and are now "Not associated with Garza and are therefore now the goodguys"  should be entitled to keep their coins. The entire notion is complete fucking absurdity. I don't go for that Team Paycoin are the "good guys" bullshit either. Eggzackry. Then there is the issue of whether these crooks are actually independant from Garza or not. I think not, and that people like Mage and Crestington are willingly or unwillingly being used to try to wipe some of the stench of scam and the criminal Garza off of Paycoin so that the scam can continue. @ eightcylinders: . The fact is the crypto currency is property. Taking or destroying someone elses's property is definitely a crime. I am not saying that destroying someone's crypto currency can be successfully argued in court. We live in a world where it is successfully argued that brazen and obvious criminals are innocent and that innocent people are criminals all day every day. By your logic murder is legal because the glove did not fit. It's not up to me to decide whether to trust them, I personally don't trust them since if they really wanted to be head of it then they would have proven their Coins and relationships. No transparency, no-go My point was only that if you want to exclude him or anyone else and make changes then just do it, and figure out how it can be done. If you don't like the rules of the game then change the rules. |
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Why are you guys even debating to kill coins or not to kill coins? This fucking scam needs to die. End of story. Every coin should be valued at zero. The only fork that should be considered is the one that fucking stabs it to death and renders every coin useless digital space.
I agree. The best way to fix it is to transfer all your XPY to BTC and use the BTC QT there problem solved I agree. What Mage and Crestington are suggesting is that Garza's coins should be identified and destroyed because they are "illegitimate", and that the fucking criminals who actually created Paycoin and helped run the entire scam and are now "Not associated with Garza and are therefore now the goodguys" should be entitled to keep their coins. The entire notion is complete fucking absurdity. If the community decided to move onto a new chain where Josh's coins were blocked or stake rates changed in any way there is nothing he can do about it regardless of whether you say it's about property rights or not, morally right or wrong. A Cryptocurrency is never forever, it changes all the time and can be changed based on consensus, he would have to sue every single person who owned the PayCoin for deciding that they want to exclude him. |
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Had this idea also and know Cres like it ,too because i was chatting with him via PN about it not long time ago First start would be you put PayCon and adress your signature so i can send you some CON! I just donated my immortal stake to a guy in the GAW thread. Dont know him but liked i that saw his new PayCon adress Got a few thousand PayCon this way ,too Can't put it in my signature, because I am enrolled in another signature campaign  , that's why I mentioned avatar. I'll put it in my Other contact info and maybe some good guy will send me some. To say frankly I already got a few donated... so it's the time I buy some myself too. Did send you a small tip http://blockexperts.com/con/tx/16c7aab93c07be3db64ceaa0d2312cb2f28beb8546491c6161b6a91295044777 Big one when i see your PayCon adress in your signature Wow, Paycon less than 800sat right now. Now is the time to buy!!!
I think have to pick up some cheap CON today, too. Not too many , save my BTC for crowdfunding PayCon development (if needed again) and/or maybe for signature campain. Below 1000 Sat is very good for a coin with such features and development. Yeah I agree, I normally see more than 70 active connections at any given time. I don't know if we'd really need to do much crowd funding but I think we should put more of a focus on Cryptoplays and Constand. For Constand we can work on the look together, possibly outsource a developer or two but would be better to just do it ourselves, team! |
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Most likely (Day) Traders / Tradingbots and not "investors". Investing in a total messy coin - risky investment, there are many other coins. PS: Have fun with my 625 PayCon! (only few people who have their btc and con adresses in signature, sadly) Was my only Immortal i did hit in PayCon staking week ^^ But staked a few Primelets So the difference here with PayCon is that in order to have it, you needed to have mined it initially and still have it or to buy your Coins which really means no free rides. I can say that it is definitely not perfect and infact it probably wouldn't be a good idea to own a lot but it works well, especially to hold on to them for a while as you would gain not only your inflation per year, but a piece of the amount other people are not Staking for or is in flux. If you have a high inflation but geared to the holders equally then that works much better because then everyone gets tons of Coins. If you have a lot of Coins coming in but without hyper-inflation then everyone has lots of coins, what do you if you are always gaining coins? Well you'd probably just give some away and be more likely to have more charity since value is not being drained. A note on Proof of Stake: Every Proof of Stake Coin is a Ponzi Scheme It is the balance of power within a closed ecosystem so who gets what? The higher the amount of inflation the more Ponzi it is, someone has to lose for other people to win. So how much Ponzi Power is given where and at what level? PayCon would be a practical solution to all this mess No need for forks and removing corrupted people/companies  All is needed is figure out how conversion will work People that bought XPY have lost their investment already and there is no coming back there unless they really believe GAW will actually do honor program which they surely won't. Exactly, why even get involved in a legal mess? Isn't it just easier to build a different Coin? You get so much more done when not having to worry about promises or anything, if nothing goes according to plan, then why plan? just build whatever comes to mind, you do the best by just not really thinking about it too much. |
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I already explained several points of why the things you suggest as a fix for Paycoin are absurd, and in my opinion probably illegal as well. They are also detrimental to crypto, particularly the part about destroying trust that coins are a stable and honest form of currency. If a group of people can decide to eliminate the coins of other holders of a coin, that is the worst possible thing you can do to foster trust, which is cyptos weak point already.
IF this was any normal crypto I would agree with you, but the fact that a company "owns" it is the entire reason I would even suggest this. Cryptos are for the people (beyond the stupid catchphrase they use "The people's money", and I firmly believe this. BUT.......I do understand where you are coming from. And again I do agree with your sentiments if this were any other normal crypto coin. But it is not, and has some "special circumstances" surrounding it. Any changes that I suggested were to get GAW out of the picture (the easiest way possible without crossing that line you mentioned earlier about who decides which coins to burn, because that can be very difficult to track and determine) and help those who actually hold Paycoin. Here is the issue, we have a community of folks that regardless of what you or anyone else thinks is still part of the larger crypto community. I also believe that a lot of these folks are first time crypto users and this is their first experience. Sure, its easy to sit back and say "let them burn in hell for their stupidity", but stepping back and looking at the larger picture here that causes some issues. Mary just got scammed by GAW via paycoin and its community, and this is Mary's first time crypto experience. She was interested in it for both monetary reasons and non monetary reasons (maybe she hates the FED and really understands how much a dollar is really worth). But now her experience has left a bad taste in her mouth. Mary also has a friend Jake at work who is interested in Bitcoin. Mary explains to Jake what had happened to her, and the poor experiences she had with cryptos. All of a sudden, her story resonates with him and he not only decides not to get into it, but actively tells others not to get involved as well. Now compound that with a few thousand people (I'm just throwing darts here at a number, but its not unreasonable). This is why I do what I do. I can give two shits less about the coin itself, im more concerned with the community. Even if these people ultimately decide its not worth it they can still join one of the many other communities within cryptos and become contributors to help spread education and awareness. Hell most of the people who own paycoin arent even on GAW forums anymore, they are over in other mediums. First, prove to me that GAW owns Paycoin. Tell me how much, and where it is stored and why you believe it belongs to them, and then explain why taking property from a corporation is different than taking it from an individual. Secondly, explain why you think it is ok to take property away from either GAW or Josh Garza. What is the EXACT criteria by which you conclude that it is fair, just and legal, to take property from someone else. You either respect property rights or you don't. The fact of the matter is that Crypto currency is legally considered property, and neither you or the group of fucking criminals that you suggest should be able to pull off this fix (scam), have the right to take property from anyone else. It is that simple. The minute that a company is able to produce money out of thin air and assign themselves that money is the moment where I believe its fair to take it away from them. Especially since they can continue printing money out of thin air. The FED is a private institution and has done this for decades, so do you believe that is fair of them? This is literally the EXACT reason why cryptos was created! To get away from this BS. Lets agree to disagree and be done with it. Obviously we aren't going to agree to each others for a lack of a better term morals (maybe ideas? I'm having difficulty trying to place a word here). I think at this point we are arguing philosophy more than anything else, which is fine, but if you want to lets just state that up front. I would argue that the reverse is true as well: When a group or company is able to eliminate the money held by others , you have the same situation. Your position is hypocritical, illogical and morally indefensible. So you are saying that a company has never outed it's CEO for the things they've done and money they've cost the company? It can be viewed as being received through illegitimate means since the money came from uncle stu to make the appearance of a floor and the $20 floor and compensation etc. only really served to increase the floor that could be sold into. What is the compensation for creating a Cryptocurrency out of thin air, seems like a few million to me so if none of Josh's funds were used to buy those Coins and no money used to back the assets and everything sold into the market then it should be just fine if the community should want to eliminate the liability. Do you think that Josh is suddenly going to do a 180 and get all legit after a year of scamming literally everyone he came across? The moment things get comfy it's going to be back to old scam muggler. Josh having the Coins will always put a negative hold over the Coin no matter what and it's very likely he would end up using existing investor funds to pay off all his pre-existing debt (which was the reason it was made). Even if Josh does go to Jail, it still means that those Coins are accumulating interest and can later on be sold and will hurt all new investors. You said before that Cryptsy should delist, that would hurt everyone and Josh. There is also no way that people won't set any buy orders since if it's on the exchange then people would set orders. If PayCoin holders want to see any increase in the value of their Coin, they should want this to happen. If you wanted to meet halfway, you could always just take away the ability for his increased Stake percentage and let him keep the Coins (although I think he gave up that right with the $20 floor) |
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You to run the wallet all the time and that means your pc must be always on
Not true your pc not must be always on. You could stake in a cloud, too. Cres was sending me something very interesting , not worked through it not had much time. Yeah through the cloud is something I really am interested in, most cloud options are around $5 a month for the cheapest plan with atleast 20 gb of space. What is interesting is that you can connect to it wherever you are and it's not limited to just one Coin, you could run 5-10 different types depending on their CPU consumption, and if springing for a slightly larger plan then you could also setup a virtual OS. It's my opinion that online could be safer if done right, there would be a lot of value in being able to access your wallet anywhere and on any platform with 100% uptime and always synced. Android wallet could even work like this instead of a local wallet, then you aren't using up valuable space, CPU power and are Staking your Coins. Most of these are going to be constrained by the RAM not by the CPU. It seems like the sweet spot on the digital ocean $10 a month server is 2-3 daemons. Maybe 4. You can get 2-4 on the $5 a month plan but you just can't run the daemons and compile at the same time. |
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You to run the wallet all the time and that means your pc must be always on
Not true your pc not must be always on. You could stake in a cloud, too. Cres was sending me something very interesting , not worked through it not had much time. Yeah through the cloud is something I really am interested in, most cloud options are around $5 a month for the cheapest plan with atleast 20 gb of space. What is interesting is that you can connect to it wherever you are and it's not limited to just one Coin, you could run 5-10 different types depending on their CPU consumption, and if springing for a slightly larger plan then you could also setup a virtual OS. It's my opinion that online could be safer if done right, there would be a lot of value in being able to access your wallet anywhere and on any platform with 100% uptime and always synced. Android wallet could even work like this instead of a local wallet, then you aren't using up valuable space, CPU power and are Staking your Coins. |
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I like this coin or CON rather But I'm not quite sure if I want to own a few... many thousands... Alright, I know if I want to, but I am not sure if I should to. Lets count some pros and cons about that. The main reason is that if you own those CONs you can brag all around about how sick you are that you invest in such hot shit - a coin made to mimic a failed coin in a humorous way. This brings us to a SWAG. The main reason to hold this shit is dat swag. Tell all the girls their are now safe with you cause you got such cons..thousands.., go to that shitty hashtalk and tell the hashtards now they belong to you, they will now serve you, be your bitches, bring you food, cause you got the next gen, not their shitty homero coin but the next gen, with all dat swag. You are now future rich, and you get the respect anywhere... if anyone doubts it you say alright here I sign a address how I own PayCON - here now they respect you, you are now the boss. And the cons of those cons: You to run the wallet all the time and that means your pc must be always on. It's not a problem these days, I mean you are downloading porn from torrents all the time anyway, it's not the thing you should be worrying about. The real question is will the staking of cons slow your porn downloads and the answer is no. I don't understand the technicalities, but it is explained on the first page for computer geeks with all the stuff about some flux capacitators, yanglets and all the other technologies in latest asics but the only thing you have to know it doesn't slow your porn downloads even by a bit, so it's a win-win. Another thing what is worrying - does it need to make some block splitting, sending to different own addresses and all the stuff to stay not outstaked and therefore not outswaged with all the little nerdy programmers around here. So these are my thoughts, hope I help to decide for anyone with this coin analysis. There are some things that require further explanation as you see but you get the picture Fair bit to discuss.. It's nice to be able to own something and even brag a little that with all those millions that we can make something great and doesn't cost anything but for me to post on Hashtalk and boost can also be quite negative since you don't want to push anyone away or really step over people in order to gain success, can it be funny and poke fun at something but then at the same time to have the people you are making fun of also think it's funny and like it? With the latest update and last few updates, the Weelets, Yanglets, Primelets and Immortals were a bit of fun to showcase a little of the potential of Staking but the basics of it is that they are all the same thing, it sends Coins with a high Fee and all Fees always go into Staking. What is important is the LiteStake, it makes PayCon one of the most energy efficient Proof of Stake Coins out there so it doesn't affect your porn downloads in the slightest, it's likely that it would only use about 0.1% of your CPU power so it costs nothing to hold onto them and mine them. Block Splitting is also much easier than other Proof of Stake Coins, for the most part it is all automatic and to do it yourself is fairly easy to do even if you aren't that tech capable. Learning and trying some of the uses is just digging around, there isn't any extra software to configure or anything so it would be very user friendly, you download the wallet, it syncs automatically, you have links to forums, markets and stuff, and if you have some Coins in the wallet they mine by themselves without having to really do anything. |
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You do not understand AT ALL, Mage. The number of unique addresses where coins were shuffled in and out of is ridiculous, and growing by the second- it is still going on full force as this is typed. Now you have to include a supposed theft of not only millions of coins, but also Prime Controllers which shit out thousands of coins a day. Which coins are you going to brand as legitimate? And who EXACTLY gets to decide? Josh? The people hand picked by Josh to distance Paycoin from him, as per plan? The "theives" who stole coins and Prime Controllers? What if Josh is tried and found innocent of all charges? THEN what? Are YOU going to pay the fucker back when he sues??? The things you have been suggesting as far as fixing Paycoin are completely fucking absurd and show no aforethought whatsoever. My suggestion is to either spell out an exact plan for your "fix" of Paycoin or never mention it again.
Yay, only 10 pages behind. I think identifying and removing Prime Controllers and their coins is technically doable. Beyond that - you're right, it gets murky. Note I said "technically". There would be serious issues, like how to make the current PC owners to give them up voluntarily or make the change "secretly" so that they don't dump before it's forked. The primary issue I see is theft and respecting property rights. Homero created this coin and put the vast majority of them in his pocket. Fact. He owns them, done deal, it's over. Not saying I think it is a good thing or that I support Homero or his scheme in any way, shape, or form (obviously), but what we are talking about here is taking someone's property. Just because some people decide they don't like him does NOT give them the right to take his property. Example: If I were to start a Real Estate investment group with 100 shares, and held 49 shares and a group of investors held the other 51, it does NOT give them the right to hold a majority shareholder meeting and eliminate my shares to increase the value of their shares, regardless of what they think of me. That would simply not be legal. Do you think Mage would think it is a good idea to pull some monkeyshit like that with Litecoin? It would boost the value of the remaining coins- RIGHT? Pure genius. Why not do it? Get at least 51% of Litecoin holders together and eliminate the coins of whomever does not support them, or does not get the memo in time to get "validated" or those that wish to remain anonymous. Poof, Litecoin gets a huge price per coin boost. So you are saying that Josh should keep his Coins? What about if a person received the Coins through illegitimate means? Does that mean that the person should keep the Coins, especially if they have near infinite selling power with them? You statement about litecoin doing is false, because if you were just doing it where you would cut off a certain part of the Coins that don't agree with your views then that part would fight against it and sell their Coins and attack the value so you wouldn't be gaining any value by doing it. |
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Gaining approval is easy, it just has to be better than the previous version and accepted by the exchanges and you can force an upgrade by blocking old versions. If you need to upgrade to the latest version to use the exchanges and if you also have new features then you definitely would.
But I'm here just for the entertainment value, we already have PayCon that we can make changes to since we always have 100% approval. ie. If you don't like it, make something better.
How about this: offer any legitimate XPY holder the opportunity to convert into Paycon at fixed ratio for a period of time. Destroy the XPY as you receive it, and viola Paycoin 2.0. Of course you blacklist conversions from the coins held in the PCs, as well as any coins that can be traced to a GAW or Garza wallet without proof of payment (to protect the poor fools who ended up buying his dumped coins). I don't think that could really work, if Coins were swapped and burned then that is a loss on both sides as you are trading XPY for CON that is less liquid, less value, and CON holders are giving up their Coins for free. |
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So I was thinking a bit like this for a Muggle theme.   And then we could have the Y U no guy in the statistics page as harry potter?  |
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